The market is expected to open in the red as trends in the SGX Nifty indicate a negative opening for the broader index in India with a loss of 41 points.
BSE Sensex jumped 762 points to 62,273, while the Nifty50 rose 217 points to 18,484 and formed a long bullish candle on the daily charts making a higher high higher low for the second consecutive session.
As per the pivot charts, the key support level for the Nifty is placed at 18,346, followed by 18,290 & 18,200. If the index moves up, the key resistance levels to watch out for are 18,526 followed by 18,581 and 18,671.
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